Grayscale Investments, the asset manager for cryptocurrencies, has made several changes to its Grayscale DeFi Fund and Digital Large Cap Fund. In this context, some altcoin projects were removed from the fund, while others were added. cryptocoin.com We are giving the details as…
Grayscale added and removed altcoins to its fund
In a January 3 announcement, Grayscale detailed the changes it has made to its two funds. The DeFi Fund has added AMP, the Flexa payment network’s native collateral token, while the weight of Bancor (BNT) and Universal Market Access (UMA) has been removed. Flexa uses the AMP token to secure crypto payments and returns it in fiat to buyers allowing traders to easily accept crypto.
On the other hand, the Digital Large Cap Fund did not change its token list. Grayscale’s DeFi Fund now consists of nine different crypto assets from the DeFi ecosystem. Uniswap (UNI) has the highest weight in the fund with 42.33 percent, while the newly added AMP accounts for 7.39 percent. At the time of writing, Grayscale DeFi Fund’s share price is $5.56, marking an 11.2 percent gain since its initial share price of $5 on July 14. The fund has $11.6 million in assets under management and owns 2.08 million shares.
Grayscale is best known for the Grayscale Bitcoin Trust, which currently has $30.1 billion in assets under management. Grayscale accrued 645,199 BTC by the end of the year, making it the company with the most increases in Bitcoin (BTC) holdings by 2021 among spot Bitcoin ETFs and companies. This amount accounted for 71 percent of all BTC holdings in the market.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.